About Roofing Materials
Roofing materials are the products used to cover and protect the top of the structure or building. These materials are specially chosen to defend against exterior elements such as rain, snow, direct sunlight and extreme temperatures. These materials sometimes self-supporting, but generally supported by an underlying structure. These materials are extremely diverse with countless color, texture and variations of the base ingredients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly competitive due to the presence of several prominent vendors within the industry. Some of the prominent vendors are adopting some organic and inorganic strategies such as merger, acquisition, partnership, product launches in order to gain competitive advantage. Moreover, some of the leading vendors are focusing on technological advancements in order to offer products as per the market necessities. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Roofing Materials market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GAF Materials Corporation (United States), Atlas Roofing Corporation (United States), CertainTeed Corporation (United States), Owens Corning Corp. (United States), Braas Monier Building Group S.A. (Europe), Etex (Belgium), Fletcher Building Limited (New Zealand), TAMKO Building Products, Inc. (United States), Icopal Holding Aps (Denmark) and North American Roofing (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Roofing Materials market by Type (Asphalt Shingles, Clay Tile, Metal roofing, Wood Shingles and Other), Application (Residential Construction and Commercial Construction) and Region.
On the basis of geography, the market of Roofing Materials has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Roofing Materials market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Eco-Friendly Components
Market Growth Drivers:
High Demand for Roofing Activities, Ongoing Construction and Renovation Works Worldwide and Demand for Energy Efficient Roofs
Challenges:
Maintaining the Quality Standards of the Products
Restraints:
High Cost of Manufacturing and Installation
Opportunities:
Growing Construction Industry Worldwide and Increasing Demand from Developing Countries
Market Leaders and their expansionary development strategies
In Janaury 2023, LafargeHolcim revealed its new market strategy, which included the acquisition of Firestone Building Product. A market leader in building envelope and commercial roofing solutions, FSBP is a US-based business. As a result, this acquisition will help LafargeHolcim become the industry leader in innovative and sustainable construction solutions.
February 2022: Johns Manville, a Berkshire Hathaway company, announced two new products for bituminous roofing systems to help improve productivity on the roof. Source: https://www.marketresearchfuture.com/reports/roofing-materials-market-3575
Key Target Audience
Roofing Material Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.